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Bango bounced 6% today
whether they do decide to raise equity at these depressed levels...levels consistent with 10%+ haircut on their total book imv
Ehh - yes, think that’s been noticed...
INdeed it is having quickly gone (sorry split infinitive) from 80 to 140. In case it has escaped you all shares plunging at the moment!
Is that the same Bango share that dropped 15% in a week ?!? :/
Pity you did not bother to read my post. I said if Ipm was a value shares all will come right IN THE END. eg a year or two. I never said anything about our emulating Bango which is up again today. Looks like a bagger in the making. No chance of that with this one. Savvy?
Brucejamieson
That's wishful thinking hoping for 12% in 2 days
The question is if this share is a value one and not a growth one all will come well in the end. Particularly as the dividend is increasing and now an interim one for the first time. I have had a look at report and accounts for last year. The free float appears to be under 50% It is a bit confusing as there is an American company with a similar ticker. I wonder what the in stitutional position is difficult to find. Fingers crossed,
I have thought this share undervalued for years as well but the market continually disagrees with me. Armageddon is priced in, but then it was at 45p as well.
Ban go have gone up 12% in 2 days. We could do with that here
Missed out words earn out from the runs. I was comparing bango where the house broker was fired. this share is also misunderstood by the market. There have been many articles in the investors chronicle in the past 2 or 3 years. The share is clearly under valued.
What do you mean by positive cash flow a year early. Hope you mean Positive Cash flow achieved earn out a year early. If you meant Opm achieved positive cash flow a year early that would be really stupid.
Yes put like that - aimed at you. Just picking up on your comment that the Bango share has some comparison. You state that the Broker made a mistake and is now fired, I asked if it’s a mistake or the RNS that’s shrank the SP. up to you how you answer..
Are you aimed at me? Thre has been no broker rating since Ireland 22.2.16 with target 87. On the Hargreaves Lansdowne site nothing. This share is misunderstood by the market just like BanGo. RNS various. Director purchase 1 March £47350. 18 June company stated positive cash flow a year early. On 1 May first ever interim dividend. 17 July GPIM increased their holding from 13.01% to 14.05 All these are bullish why are people negative.
So are you saying that the Broker has made a mistake and it’s not the recent RNS and market sector nervousness?
No I am on the OPM board showing that Bango shares which had a similar fall to OPM recovered quite quickly. Both IC recommendations on several occasions!
your on the wrong post
Ban go shares recently plunged from 120 to 80 as they were misunderstood particularly by their own house broker now fired. They are back to 120 now.
Who knows what’s best on this one. I’ve stuck with mine atm. I do believe a finance hit recession will hit them hard, as a lot of small non-prime lenders.
I can’t see a main steam bank buying this, it’s too diverse and is too small/wide spread in its funding offerings.
I can however see a challenger maybe taking a punt. But more so another non-prime lender wanting to expand its portfolio. A privateer could be attracted and then strip some of it and collect cash to grow in one sector. All IMO.
@shizsu - There is no answer to your questions although Diagon Alley probably sells crystal balls.
There was a statement on 25th June (less than a month ago) which said: "1pm plc, the AIM-listed specialist finance provider to the SME sector is pleased to announce the following trading update ahead of the publication of its final audited results for the financial year ended 31 May 2019, which are scheduled to be announced on 24th September 2019. The unaudited trading results for the year demonstrate further growth with revenue up 6% and profit before tax, exceptional items and share-based payments ("PBTE") up 4% compared with the prior year...." etc etc
There will be a further update in September with the full-year results.
So you either take the view that this is severely undervalued and you should be topping up/averaging down or that it is a potential basket case with inadequate bad debt provisions that will implode as we enter a recession and defaults get worse.
As a parallel, take a look at the chat on XLM around the end of May/first couple of weeks of June. One poster, in particular, was vexed about the sp drop, market manipulation and goodness knows what else. Since then the sp has risen by over 50% and may well do more.
If it is any consolation I have just got more OPM but I only bought in after the sp fell at the beginning of this month. Who knows, but I think it is a carefully run business that is quite likely to get a bid from a bank that can significantly lower the cost of capital on its loans.
GLA
GS
Thanks for that answer. Where is the best place to buy a crystal ball cos I really need one.. this has absolutely plummeted and nobody seems to have a reason. Why has opm not come out with a statement. The directors must be losing tens if not hundreds of thousands of pounds.
Not sure. But on the basis that everyone thought it was seriously undervalued when in the 40’s, you might as well get the crystal ball out ??
Can anyone tell me where this drop is going to end.?
accuracy is not a strong point when it comes down to trades reporting
Doubt it means anything but my £2500 buy this morning was concluded at way lower than the current mid price so will be marked up as a sell.
D.